SoFi Technologies (NASDAQ:SOFI) Stock Price Up 2.8% – Here’s What Happened

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price traded up 2.8% during trading on Thursday . The stock traded as high as $17.99 and last traded at $17.91. 80,299,821 shares traded hands during trading, an increase of 21% from the average session volume of 66,627,031 shares. The stock had previously closed at $17.42.

Key SoFi Technologies News

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: CEO Anthony Noto continued buying SoFi shares, adding 13,888 shares at about $18.06 and extending a pattern of open-market purchases that signals management confidence. SoFi CEO Won’t Stop Buying His Own Stock
• Positive Sentiment: Coverage highlighted SoFi’s growing product ecosystem and stronger cross-buy trends, which can improve customer relationships and long-term profitability. SoFi’s Productivity Loop Strengthens Customer Relationships
• Positive Sentiment: SoFi’s role in opening SpaceX IPO access to retail investors underscores the company’s push to expand its investing platform and attract more users. SoFi (SOFI) Opened SpaceX IPO Access To Retail Investors Through Its Platform
• Neutral Sentiment: A CTO share sale was disclosed, but it was executed under a pre-arranged 10b5-1 plan and tied to tax withholding on equity vesting, which makes it less meaningful as a bearish signal. SEC filing for Jeremy Rishel transaction
• Neutral Sentiment: Some commentary says SoFi may be showing signs of a bottom after a steep valuation reset, but the stock remains volatile and well below prior highs. SoFi stock shows bottoming signs after suffering a $17 billion wipeout
• Negative Sentiment: Recent market coverage said SOFI fell more sharply than the broader market, reinforcing concerns that investors are still cautious about the name. SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Longer-term sentiment remains weak after a major selloff from last year’s highs, with some articles framing SoFi as a former fintech favorite that has lost momentum. How SoFi Went From Fintech Darling To Wall Street Pariah

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SOFI. Weiss Ratings downgraded SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Stephens dropped their price objective on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Citigroup decreased their target price on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Wells Fargo & Company lowered their price target on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.56.

SoFi Technologies Stock Up 2.8%

The company has a market cap of $22.97 billion, a PE ratio of 40.71 and a beta of 2.14. The business has a 50-day simple moving average of $16.90 and a 200-day simple moving average of $20.59. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business’s revenue was up 42.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities research analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 10,037 shares of SoFi Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total value of $155,874.61. Following the sale, the executive vice president owned 323,247 shares in the company, valued at $5,020,025.91. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto bought 15,545 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the transaction, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 131,644 shares of company stock valued at $2,324,185. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Valley Wealth Managers Inc. acquired a new stake in shares of SoFi Technologies in the fourth quarter worth approximately $25,000. Vermillion Wealth Management Inc. raised its stake in SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 739 shares during the last quarter. Blue Trust Inc. raised its stake in SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after purchasing an additional 878 shares during the last quarter. Reflection Asset Management purchased a new position in SoFi Technologies in the 4th quarter valued at $28,000. Finally, Central Pacific Bank Trust Division purchased a new position in SoFi Technologies in the 4th quarter valued at $28,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

About SoFi Technologies

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.